Quote from: MiF on Today at 12:53:41 AM

Quote from: Outhue on April 05, 2024, 09:10:33 AM

Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.

We can all give an advice and is up to them if they are goin to believe it or not, they need to decide by thier own so also make an advice to do more research and not just invest quickly let them know first the two possible outcome which is win or lose, if we cant earn then we will lose this is normal and this was already been experience by most of the investors specially small time investors.

We can give suggestions as well as introduce them to the possible choices, because not many are aware of the cryptocurrency investment. Later, your friend and his family will decide whether they need to invest or not. Before making an investment, it is always a must to do research and have statistics on the success. While giving suggestions, we need to just give the outline and shouldn't make a comparison with companies like Microstrategy. These companies will have different businesses and invest in Bitcoin, whereas small-scale companies couldn't do this. If the friend goes by your word and makes a lot of money, he will be happy, if not, it might lead to the end of your friendship.